Oberthur Technologies, a provider of digital security solutions for the mobility space, has announced the release of MasterCard dual interface payment card on the market. Chrysalis Fly v3.0 reaches unprecedented contactless performances.
In the urban transport, contactless technology has always been challenged for its speed performances and its level of security. Thanks to this new EMV dual interface card, the users of public transport network will experience the fastest way to travel in urban areas.
Chrysalis Fly v3.0 is the first card significantly converging between payment and public transport ecosystems. Oberthur Technologies’ offers banks new revenue streams by promoting the usage of their MasterCard payment instruments for Open Payment in transit network.
“We are proud to release such a complete and high-performance product that is leveraging on Oberthur Technologies’ expertise and excellence in delivering best-in-class products to both urban Transit and Payment industries” said Antoine Vilain – Payment and Transport Product Lines Director at Oberthur Technologies. “With this new product, Oberthur Technologies demonstrates once more its commitment to offer Mobility to end-users”.
“Customers rightly expect fast, simple and intuitive experiences when riding public transport systems. So MasterCard is delighted to see Oberthur Technologies tackling the challenge of faster transit transaction times with the launch of Chrysalis Fly, and thereby enabling banks and other card issuers to deliver great payment experiences to cardholders in ever increasing numbers of cities around the world” said Will Judge, Senior Business Leader Transit at MasterCard.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.